Power Tariff Shortfall Hits N2.4trn In Six Years
Power tariff shortfall hits N2.4trn as power consumers did not pay a total of N2.4trn for the quantum of electricity they consumed between 2015 and 2020, the Federal Government has stated in its latest report on Nigeria’s...
2022 Budget: Senate approves N215.8bn for FIRS
The Senate has approved N215.8 billion as budget for the Federal Inland Revenue Service (FIRS) for the 2022 fiscal year.
The budget was approved in plenary on Wednesday.
It was sequel consideration of a report by the Senate Committee on...
Bond Investors To Get N605bn Repayment
Bond investors may receive N605 billion in repayment of the principal amount and last coupon on maturing Federal Government of Nigeria (FGN) Bonds, while disbursements are expected to be made to the three tiers of government from the Federation...
Nigeria Targets $40bn Investments In Digital Infrastructure
The Federal Government is targeting $40billion private capital investments in digital infrastructure and facilitating the formation of up to $1 billion in private equity.
The government estimates public investment of N150billion, according to National Development Plan 2021-2025 obtained by...
NBET Pays N42bn To GenCos For November Power Supply
The Nigerian Bulk Electricity Trading Plc said yesterday it remitted N42 billion to power generation companies, GENCOs, for electricity supplied to the national grid in November, 2021.
The bulk trader in a statement in Abuja, explained that...
Federal Workers’ Pensions, Gratuities Gulp N208bn
The Federal Government has spent N208.21bn on payment of pension and gratuity arrears in seven months, a new Central Bank of Nigeria report has revealed.
The CBN’s statistical record on the Federal Government’s monthly finances showed that the amount was...
